HR 833

Representative Culberson: (and Senators Cornyn and Hutchinson, should the Senate see this bill) Intellectual honesty dictates an end to the Federal Reserve. In its 96 year history, it has failed to achieve its promised goals. Inflation and economic instability, two key promises of the Fed to control, have been more volatile during its existence than before it came into being. The argument "Oh, it would have been much worse without the Federal Reserve in place" is an insult. It has failed. Only the banks of the Federal Reserve have done well (follow the money on the bailout and stimulus spend -- only the banks of the Fed win) Our Founding Fathers warned against such a plan, and their warnings have achieved the level pf prophetic utterances. The dollar has reached historic lows in terms of value, all under the Federal Reserve system. The only thing for which the Fed is good is to continue to send us down the path to socialism and Marxism. Liberty cannot prevail in the presence of its centralized power."